Question (1): (14 marks) Selected financial data for Wilmington Corporation is p

Question

Question (1): (14 marks) Selected financial data for Wilmington Corporation is presented below Wilmington Corporation Balance Sheet As of December 31, 2017 Dec. 31, 2017 Dec. 31,2016 Current Assets Cash and cash cquivalents Markctable securities Accounts receivable (net Inventories S 576,843 166,106 258,387 424,493 55,369 83,053 1,564,251 S 305,088 87,064 289,100 391,135 25,509 85,029 1,282,925 id expenses Other current asscts Total Current Assets lant and equi Pro Long-term investment Total Assets 1,384,217 568,003 3.516,471 625,421 425,000 S2.333,346 urrent Liabilities Short-term borrowin Current portion of long-term debt S 306,376 155,000 254,111 273,658 97,735 1,086,880 S 170,419 168,000 286,257 166,983 178,911 970,570 Accounts payable Accrued liabilities Income taxes payable Total Current Liabilities Long-term debt Deferred income tax Total Liabilities 500,000 215,017 1,801,897 300,000 262,404 1,532974 es Common stock Additional paid-in capita Retained earnin Total Stockholders' E Total Liabilitics and Stockholders' Equit S 425,250 356.450 932,874 714,574 S3,516.471 S 125,000 344.335 331,037 800,372 S2,333,346

Explanation / Answer

Question 13

NOPAT = 1058302-(401225+(55240*37%)) = 636638

NOPM = NOPAT/net sales = 636638/4885340 = 13.03%

Question 14

2017 NOA = 3516471-576843-1086880 = 1852748

2016 NOA = 2333346-305088-970570 = 1057688

NOAT = 4885340/1852748 = 2.64 times

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